Question $3$

Rose Corporation issued $$360,000$ of $6\%,10-$year bonds on January $1,2024,$ for $$311,075.$ This price provided a yield of $8\%$ on the bonds. Interest is payable semiannually on June $30$ and

December $31.$ If Rose uses the effective$-$interest method and assume fiscal year ends on October $31,$ what is the carrying value of bonds reported on the October $31,2024$ balance sheet?

$$312,718$

$$313,857$

$$313,125$

$$312,062$